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Dr Maurice Mullard Lecture 3.  THE CONCEPT OF A KEYNESIAN REVOLUTION  MONEY MARKETS AND THE RATE OF INTEREST  INVESTORS AND SAVERS  PROBLEM OF LIQUIDITY.

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Presentation on theme: "Dr Maurice Mullard Lecture 3.  THE CONCEPT OF A KEYNESIAN REVOLUTION  MONEY MARKETS AND THE RATE OF INTEREST  INVESTORS AND SAVERS  PROBLEM OF LIQUIDITY."— Presentation transcript:

1 Dr Maurice Mullard Lecture 3

2  THE CONCEPT OF A KEYNESIAN REVOLUTION  MONEY MARKETS AND THE RATE OF INTEREST  INVESTORS AND SAVERS  PROBLEM OF LIQUIDITY  UNCERTAINITY AND RISK IN KEYNES  PARADOX OF THRIFT  ANIMAL SPIRITS  BEAUTY CONTEST

3  DEMAND AND LABOUR MARKETS  ADMINISTERED PRICES  DEMAND AND OUTPUT  REDUCING WAGES  EXPLAINING RECESSIONS

4  ECONOMIC POLICY – THE CIVILISED ECONOMY  UNEMPLOYMENT AS THREAT  WAGES POLICY AND INFLATION  COMMITMENT TO FULL EMPLOYMENT

5  THE COMMITMENT OF GOVERNMENT  ACCEPTING THE ROLE OF INTERVENTION  MAINTAINING BALANCED BUDGETS  PUBLIC EXPENDITURE  TAXATION

6  THE ASSUMPTIONS OF BEVERIDGE  POVERTY AND UNEMPLOYMENT  INCOMES POLICY  THE GOLDEN AGE 1950 TO 1974

7  INCOMES POLICY AND TRADE UNIONS  THE IDEA OF THE SOCIAL WAGE  INCOME DISTRIBUTION  TRIPARTITE STRATEGIES

8  THE ECONOMIC EXPERIENCES OF 1950S AND 1960S  THE NEVER HAD SO GOOD ARGUMENT  THE PROBLEM OF ECONOMIC DECLINE  TRADE UNION MILITANCY

9  STAGFLATION UNEMPLOYMENT AND INFLATION  RETURN TO MARKETS  1980S BACK TO MARKET LIBERALISM

10  BACK TO KEYNES AND WHY  THE RELEVANCE OF KEYNES  EUROPE US AND UK RESPONSES  AVOIDING 1930S DEPRESSION  UK POLITICS


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